Cook Says He Doesn't Like Apple Stock Price Either

Simon Constable and Jessica Lessin review Apple's quiet shareholder meeting, and Quentin Fottrell looks at why working from home may not be a great idea. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... what's that all is happy and today is the whole meeting What and Why witness for pull back and so much mall ... right and right now on the New Saab good afternoon and welcome I'm Simon Constable ... the Wall Street Journal's Jessica last thing ... was that an ... Apple shareholder meeting and she joins us now ... it is and sounds this good Jessica thanks for being map ... I and and things happening ... so what was the mood light at the meeting ... I have read assertive spectacles we expected to be with us or a clashing of company's shareholders that ... this is a subdued of orderly knitted ... on there a lot of it and gave the presentation server went as planned ... overall not much and went out ... and not much in the way of drama now I know there been a lot of some attention before hand one shareholding particulate anytime one had been set up ... banging the table for more of Apple's cash to be distributed to shareholders aam including himself goals ... um ... what what ... any of the shareholders that disappointed that we didn't get the news on banks ... the actual meeting there were not a lot of questions about past brought out between investors pointed out that the stock prices down and and can save them ... volunteered ... at the company went very very actively looking at ways to return more cash potentially said ... he's added a very to what it set the bar ... on the authentic few shareholders to ... bring up the cash of one in particular said he'd really been hopeful that you can hear more and that that that ... on that he's holding a shares for now so it seems like the company's Mac AIDS day cotton carry on a few well ... riverbanks the cashing ... it in a sitting people are right back is a little bit down today ... after the meeting ... U K and Max on the debt I mean I know that some some shareholders to one this'll to go the do it again ... on dividends which the getting some will now make me be a fine actor aam Norwood two or maybe more offense ... now what do we hear about future plans for the company isn't any news of a stock split on about that and talked about as well ... I know wet on the rhetoric and that yesterday which was a potential stock split that nothing on that ... I'm ... can made his remarks that the company and he now ... working as hard as ever on new things but not even sad we don't like to talk about that as he knows that ... very little and try that ... on cash on the price and release them again and ... human rights conditions to add ... to wet Apple is doing about I've not had enough after the concert in Santa Monica store sales ... rose a little bit of hot spots ... well that is interesting so that that that when you shake up of number of bathrooms and wanted to kill the school ... is what he has to deal with as well as ... running the one-time biggest company in the wealth ... it's nineteen added that the Apple shareholders and Apple can stay mad love their products they want that thing and that ... there is a lot even people here wear ... that and started asking and I'll what the company with an engine about market share and trade ... I'm still like to point out they loved the ride ... while ... this latest the dual to dislike very much ... to see a lesson ... all the will Street tunnel ... on the read mall man on WSJ don't call boy in tomorrow's paper ... will be head of Mexico's teachers union has been arrested on suspected role in an unnamed thousand one ... hundred and sixty million dollars ... to issue why does this mass that we want them in ... the end of the Wall Street gentle joining us now from Mexico City ... ALM ... that David this is the fascinating story who was this woman ... the last twenty years she's basically running says her personal peace ... I she's able to strike terror into the hearts of any politician Mexico because as you can imagine and one point four million public school teachers walked off the job by any government would have trouble or aunts ... now what one of the interesting on with it one of the many interesting things in here is that in in addition to allegedly embezzling hundred and sixty million ... dollars the Alba as to what the oh I'm having a forty million dollars credit Kapil from and Neiman Marcus ... she stay Mr. a taste ... for fine tastes ... she travels around in private jets ... armored cars surrounded by bodyguards ... wears designer clothing and and ... really is a no ... go the last twenty years high ... in fact she sort of wanted and told people I hate you know here I am ... so somebody finally did ... and Dom this union is so powerful that apparently the government doesn't know exactly how many teachers that are in Mexico and how much that day ... that's pretty powerful ... be sure is they've also lot any real attempt by the government to improve Mexico's three global education system to support the country's future prosperity ... I knew president giving any of those trying to change that he was two or more minute ... basically allow the government to fire teachers to underperform and Reagan ... and she's been pushing against that so many people think his ... arrest was long overdue but also link to the current plan was to teach so why now I mean this this is the fact that ... I'm that that may have been or may not then aam and and basil lemon corruption and have been a candle for vignettes ... that has been ... thought about for awhile and then this happens now ... the arrests came a day after the new president signed into law constitutional reform ... that would of been in the union's powers ... from what we understand Simon people ... she was planning behind the scenes start ... moves toward a national strike ... so it's it seems like it was a convergence of factors they have to lose honor ... she is about to launch a strike and so they they went after an eighty eight cents and our message under a special interest in Mexico that this president means business ... the family aam the president of an ... informal great nuggets of ... aam information in the story thank very much David Lewin of The will Street gentle joining us now from Mexico City ... well it's time for a quick look at the markets will do that in thirty seconds ... for ... welcome revenues up at the beest live I'm Simon Qassam about Social though the people of the of the Dow up one hundred and seventy five points pretty good showing that in the Queen will try pretty steadily the Nasdaq the tech heavy index of about one percent did pretty well that's the lead ... of the weakness in light of that flavor that I am the big stocks index about one and a five percent off that ... we also have some breaking news Groupon of the of the coupon site has reported earnings ... a loss of twelve cents a share versus expectations of three cents and revenue was one of the life ... path six hundred and thirty eight million dollars point six and thirty eight point three million dollars they had expected six hundred and thirty eight point four ... as the stock after hours down at twenty four percent Tuesday after analysts figure ... ALM so pretty Tam until that ... time to talk more about some back and mall we happened Brendan Conway of Barron's ... from the month's time ... I guess this was a ... coupon ... for group on ... the series to scan ... there is this at twenty four percent ... you know de la Plata posts and looking at the stop insane ... the recent changes to to to ... give the ways that you can ... get a deal on Greek bond Pope who will show up in the bottom line starts here ... you know ... what one one item I thought was interesting is that ... you you can now search for a deal yourself ... the deal for staying on the site wonder ... what time this quarter you just don't see much of it yet I don't think I think the group on is is not ethically scalable business I might require a lot of people to come out last week of the deal so much and so much and some sticky and also ... is that the last estimate Steve one last thing I would now fall and now sits on ... the beest live on video so you want to check that out to ... the law to miss it ... now front and back to you aam a lot of stuff out to die Humphrey busy day for you aam ... that some say the pending home sales job with this innovative ... you know ... those those who pose as the market due to step in the right direction ... I am I would actually say that the homes in Asia ... anyhow south yes exactly caught cut to the the the the stronger reaction ... home ... housing starts to teach her really well last year ... this year the losses on the papers ... not like last year ... aam I think people are looking for any sign that that you know OK ... the stocks of runway ahead of the market ... now let's see today have shown the money ... on this is not a bad number ... so plus four point five percent which was pretty dead and that helped end and that I should not have been a robust recovery since the peanut what what sin ... without housing taking part in a whimsical Easter will cuz that's fridges refer referred to write as I watched machines things like that ... aam when you exclude the aircraft aam Boutros durable goods aam I was up almost two percent ... we should have stopped its four bullet aisle and it's not a bad number ... um no ... use at the end of last year that manufacturing slowing down ... aam you don't see this number that's deftly with the help of ... automatically across the pond that we have the spaghetti slide earlier in the week um but listen to the good news to direct you know me know ... you always worry about ... you know ... what's going happen with the situation Italy ... the duo bond sale today and they hit their target they sold the maximum number of government bonds ... have traded to paying the higher yields in fact this year but that was the highest since October ... but ... the fact that anybody wants to buy this debt with what happened this week ... the market takes that as a signal that it is again one of these things we're price matters more than logic ... if you see with the pricing working out ... reasonably well you to follow it as a trader in telecoms morning ... great stuff ... effect ... plus as always Brendan Cole one whole parenting Reed ... Brennan stuff aam bounced all calm all in Barron's magazine ... this and that the financial sector is back to daycare ... who cares and one doesn't matter what one thousand cars this time it was so it has an e joins us now from Washington DC at david to ... aam to tell us about the financial sector ... well we saw a period of time in the early seventies and we had an explosion of finance ... credit ... everywhere seemed like anybody can borrow ... I hear the financial sector was particularly active in lethargy South Boston to make bigger bets ... that prices rise two thousand and eight ... be it at the bottom falls out of it ... we've been slowing growing slowly runaway back added that ... in my column this week that outlets and a baguette for the McKinsey consulting firm their research arm ... that shows that as a share their world economy the whole world economy ... credit ... and equity markets are back to ... where they were to two thousand levels ... I think it's the question is public finances and up and how much is too much and that's one regatta be wrestling with for a long time ... so it is also a good pasta financing and pots of financing explained he so talk about that in a new column that interested me a lot tells about that ... well why was the importance of Finance and economy what is a social vacuum ... it's existed takes a person people have it ... in countries that have it ... and ... then transfer it ... to people and businesses that have investments ... that will pay off in the future ... so only about a quarter of the increase in all the global finance during the run-up to the prices ... went to households and non financial businesses ... the rest with either good governance ... or to ... be financed basically leveraging itself up ... so I think the question is when you obviously need a financial sector because that's what they do ... connected be ... rewarded for doing this transformation of taking short term savings and turning into long-term investment ... but I think that we had to watch it that ... in one of the really interesting things now is ... can we build the new financial regulatory architecture ... scaffolding if you will ... think gives us an enough of the finance so we can finance grow ... but not so much that we replay the cars of the ... of the need to pass the costs of right now that some of that that from taking of scientists money and putting in to watch is one of the things that some some of the big banks of been criticized for justly or unjustly so that that is that pretty interesting what what you come down on this time in the US is a tricky question but look we on the spot ... well I think that I don't think we're the point yet where finances to pay ... I think we're to point out that there are some worrisome trends right now ... they're the ones that Jeremy Stein at the Federal Reserve has been talking about ... you know when you start to see ... in the market takeovers ... better financed by debt ... and that debt is not a cashed in just the thing I know you ... that's a warning sign ... so I think we haven't yet found a way to ... harness the power of finance and so I am worried about those things building out ... but that is deftly not enough credit in the world for small and medium size enterprises for emerging market so you would be a shame if the current trend continues ... because because we are really starting economic growth ... you can ... write stuff as always thank you very much David Wessel ... you out of time you can read more on that its coal Mongolia's fennel convoy in tomorrow's paper up well if you can walk from home should You isn't actually good feel Korea or not will Talia after the break ... for ... what the revenues up at Korea's J live I'm Simon Constable with her about ... Yahoo's CEO saying you gotta come to an eight hour work from home ... to tell walk from home assured you will make the most says Quentin for trial MarketWatch he joins us now on the site ... so working from home the go ... well it's about balance the rise ... the city from Stanford University the command last week ... of the ... troubled firm in China to sixteen thousand employees and his nine month study with ... employees to work from home over for four days we can make found that the great promotion ... there were like ... fifty percent less likely to be promoted its ... because their work from home ... now that isn't a desperate for money not necessarily productivity measures ... I'm in awe people at home more productive or does that matter in ... court most cities the show that they're happier ... more productive to get to work more flexible hours ... they can work major moral and social areas that may be paying more hourly rates ... so there are benefits to working from home to the office to save money on me it's the same time these were to say that the house the day ... aam but it seems that are not of workers who are checking out on what you know the job openings are in what's going down the office ... if these doubts moments and could make or break you can ... now ... it's interesting to me we needed to be in order to have you know ... any interaction with anyone else um did you read it be that many phone just doesn't do it right to creative projects that need multiple inputs writes phones us from I know I don't really ... do the job aside from ... loving a lot of technology like a lot of people in the sense to use the company's bizarrely are working around the house ... with his time its type in all these new conferencing facilities ... but aam ... that is more interactive ... I think working from home is good for certain costs like you have a margin on the products consumed not ... be that you know ... that through ... maybe one instead whom putting up a lot of ... coffins holds the stock to one ... aam ... manager in Providence Rhode Island he had a team he met once ... and every Friday the studies to kick back ... on a conference call ... Gaddafi or preschool of like a virtual here ... and it disgusts problems that happened in entering the weak ... things they wanna get off his chest when that somebody front of a coming out of couples the right advice and work from home folk want one year of my like Korea ... aam Python and the islands' ... Baez no one was that that the cat ... and my son didn't know for Constellation ... writes ... yes we are looking for a long time and I think it can be in this city ... the stock reversed the base of the people were ... there were lonely actually interesting Lee options to use up after the nine months ... the people ... who were true I ... decided to go back to work ... at the office for four G ... maker Auckland's ... turned out to cause sharp ... decided to switch around instead of ... my stuff I love it when a silent I thank you very much Quentin for trial and will be covering this out what the dumb stuff on the vs day ... life as we don't also at the store to check out the group on results on the beest live will have a full house is about ... the meantime that's it that's a new supper now I'm Simon cost a lot of great nights ...